This study is an empirical analysis of the determinants of Corporate Social Responsibility (CSR) of listed Deposit Money Banks (DMBs) in Nigeria for period of 2005-2013. The listed DMBs are seven-teen (17) as at 31st December, 2013, out of which a sample of twelve (12) banks was selected with the aid of filters. Specifically, the study seeks to identify the effect of Return on Asset (ROA), leverage, firm size, Economic Value Added (EVA) and institutional ownership on the CSR of listed DMBs in Nigeria. The study adopted Correlational and Expost facto Designs and data were analysed with the aid of GLS multiple regression technique. Using 108 firm-year paneled observations, Fixed and Random effects were estimated. 

Data were extracted from the audited annual reports and accounts of the selected banks. The study reveals that ROA and leverage positively, strongly and significantly impact on CSR of listed DMBs in Nigeria at 1% level of significance, While, firm size and institutional ownership negatively and significantly impact on CSR of listed DMBs in Nigeria at 1% and 5% levels of significance, respectively. 

However, EVA is found to have negative but insignificant influence on the CSR investment of listed DMBs in Nigeria. The study concluded that the ROA, leverage, firm size and institutional ownership constitute the determinants of CSR of listed DMBs in Nigeria. Therefore, it is recommended amongst others that management of the selected listed DMBs in Nigeria should improve on their banks return on assets by extending into other activities that would generate more return as it has been proved to be an important factor that drives banks to invest in CSR.